Finance Minister Amir Khosru Mahmud Chowdhury presented a detailed statement on Bangladesh’s overall economic condition in the National Parliament on Friday. His report highlighted widespread irregularities, mismanagement, and corruption in the financial sector during the previous authoritarian government. He said that due to economic mismanagement and illicit financial flows, foreign reserves had fallen to 20 billion dollars. The minister noted that while exports rose slightly under the interim government, import growth slowed and remittance inflows increased significantly.

He stated that social safety programs under the former regime failed to adjust benefits for inflation, leaving many beneficiaries outside inclusive development. Weak market management and syndicate corruption caused abnormal price hikes and supply disruptions, burdening ordinary citizens. The minister also described steps taken under the current government’s election manifesto, including improved debt management, reduced loan dependency, and structural reforms to strengthen the capital market.

He announced plans to form a special commission to investigate irregularities from the past 15 years and expressed hope that by 2034 Bangladesh would become a developed economy through sustained growth and fiscal discipline.